NEC to sell ISP Biglobe to investment fund

Japanese systems integrator NEC Corp is reportedly planning to sell its internet service provider (ISP) unit NEC Biglobe to investment fund Japan Industrial Partners for JPY70 billion (USD670.74 million), local newspaper the Japan Times reports. NEC Corp has been screening potential buyers through a bidding process since the autumn of 2013, when it decided to divest the ISP in order to ‘concentrate its management resources on services for businesses, including communications infrastructure development.’